Property in Osaki, Miyagi: A Renovation or Demolition Project
This property, located in Osaki City, Miyagi Prefecture, is being offered as a house with land, acquired through a public auction. The seller had intended to either renovate the existing structure for rental use or demolish it to create a cleared plot, but due to other project commitments, the property remains in its current condition.
The land area measures 313.87 square meters, which is spacious enough to potentially build two houses after clearing. The building has a floor area of 111.54 square meters, with an additional storage shed of 48.88 square meters. The structure is wood-frame and is currently vacant. A major renovation was carried out in 2016, so the exterior is in good condition relative to its age. The toilet and bath areas appear usable with just cleaning. Parking space is available for up to five standard-sized cars in front of the house.
The interior has significant damage, particularly from the previous owner keeping eight cats. There is a strong odor, and the flooring is scratched and worn in areas within reach of the cats. The property also contains leftover furniture and belongings, which the seller wishes the buyer to take over. Disposal costs for these items have been estimated at around 400,000 yen by a local handyman service. The house is not habitable in its current state and requires DIY renovation work to make it livable, or it can be demolished to create bare land. A potential concern is that the rear of the property borders a rice field, so after demolition, the retaining wall may need to be re-poured.
The property is located in an area with high living convenience, close to the city center. Access to the city has improved significantly with the opening of the Furukawa East Bypass. The land value, calculated from the fixed asset tax valuation, is estimated at approximately 7.2 million yen. All rights related to the land and building are clear, and the previous owner has relinquished ownership. This is a sale based on the current condition and public record. The asking price is 5 million yen including tax.
